By ALISON LOWE
After a slide of around 20 per cent from pre-recession levels, hotels are seeing "significantly improved" levels of group/convention bookings heading into 2011 compared to 2009 and 2010.
However, Frank Comito, executive vice-president of the Bahamas Hotel Association (BHA), told Tribune Business that the recovery does not make up for the loss suffered in this key business area since 2008.
"We are seeing an increase in advanced group bookings, but it's certainly not approaching pre-recession levels," he said.
"Prior to 2006, the US and the Bahamas negotiated a convention tax credit whereby people could write ...
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